Shares of TD Bank Group (TD) rose Thursday after announcing a 澳洲幸运5官方开奖结果体彩网:succession plan for 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Bharat Masrani, who plans to retire in April 2025.

Raymond Chun, head of the company's Canadian personal banking operations, will be elevated to the role of 澳洲幸运5官方开奖结果体彩网:Chief Operating Officer (COO) on Nov. 1, reporting to Masrani, and take over the top role once Masrani retires next spring. The bank said Masra♌ni will work as an advisor to the bank through October 2025 before officially retiring after nearly 40 years with the company.

"I am honoured by the trust our Board has placed in me," Chun said. "TD is a critical part of our financial system and economy, and directly supports the financial goals of millions of households and businesses, and the aspirations of communities across Canada, the U.S. and globally."

Outgoing CEO Takes 'Full Responsibility' for Anti-Money Laundering Investigations

Masrani said the 澳洲幸运5官方开奖结果体彩网:current investigations into the 澳洲幸运5官方开奖结果体彩网:anti-money laundering practices of 澳洲幸运5官方开奖结果体彩网:TD and other banks—which are alleged to have failed to prevent the crime in the U.S.—"took place on my watch as CEO and I take full responsibility." The bank has said it expects to be penalized for its violations, and has set aside billions to deal with fines and other costs.

TD Bank shares were u💎p 2.6% to $64.20 Thursday afternoon. They are little changed on the year.